Franklin Templeton Mutual Fund (MF) has declared a dividend of 25% per unit of face value of Rs 10, under the dividend option of the Franklin Templeton India Growth Fund.
The fund house has fixed Dec. 18, 2008, as the record date for the payment of dividend of Rs 2.50, pursuant to payment of which, the NAV would fall to the extent of dividend payout and statutory levy, if applicable.
All unit holders registered on or before the record date would be eligible to receive the dividend. The NAV of the scheme stood at Rs 27.04 per unit, as on November 27, 2008.
The scheme seeks to provide long term capital growth.
Thursday, December 4, 2008
Franklin Templeton MF declares dividend in India Growth Fund
Bharti AXA MF Launches Short Term Horizon Fund
Bharti AXA Short Term Income Fund
Scheme: An open-ended income scheme.
NFO Opens: 03 December 2008
NFO closes: 10 December 2008
Re-opens on: 22 December 2008
New Issue price: Rs 10 per unit.
Investment Objective: The scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.
Investment Options: The scheme offers Regular and Institutional plan with growth and dividend option. The dividend option offers only dividend re-investment and payout facility.
Asset Allocation: The fund will invest up to 30% to 100% in money market securities including government securities, corporate debt, securitized debt and other debt instruments with average maturity less than or equal to 370 days or have put options within a period not exceeding 370 days. The scheme may invest upto 70% in debt instruments including government securities, corporate debt, securitised debt and other debt instruments with average maturity greater than 370 days.
Investment in securitised debt will not exceed 20% of the net assets as the time of purchase. Investment debt derivatives would be upto 50% of the net assets of the scheme for the purpose of hedging and portfolio balancing purposes.
Entry Load: The scheme will not charge any entry load
Exit Load: The scheme will charge 0.250% as an exit load if redeemed within 30 days from the date of allotment.
Minimum Investment Amount: The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. And the minimum application amount under institutional plan is Rs 1 crore and multiples of Re 1 thereafter.
Minimum Target amount: The Fund seeks to collect a minimum targeted amount of Rs 1 crore under each series during NFO.
Benchmark Index: Crisil Short Term Bond Fund Index.
Investment Options: The scheme offers Regular and Institutional plan with growth and dividend option. The dividend option offers only dividend re-investment and payout facility.
Asset Allocation: The fund will invest up to 30% to 100% in money market securities including government securities, corporate debt, securitized debt and other debt instruments with average maturity less than or equal to 370 days or have put options within a period not exceeding 370 days. The scheme may invest upto 70% in debt instruments including government securities, corporate debt, securitised debt and other debt instruments with average maturity greater than 370 days.
Investment in securitised debt will not exceed 20% of the net assets as the time of purchase. Investment debt derivatives would be upto 50% of the net assets of the scheme for the purpose of hedging and portfolio balancing purposes.
Entry Load: The scheme will not charge any entry load
Exit Load: The scheme will charge 0.250% as an exit load if redeemed within 30 days from the date of allotment.
Minimum Investment Amount: The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. And the minimum application amount under institutional plan is Rs 1 crore and multiples of Re 1 thereafter.
Minimum Target amount: The Fund seeks to collect a minimum targeted amount of Rs 1 crore under each series during NFO.
Benchmark Index: Crisil Short Term Bond Fund Index.
ING Fund Pattern On With High Risk Profile
ING Mutual Fund has announced the change in name, investment objective, load structure and asset allocation pattern on ING Liquid Call Fund. In order to expand the mandate to enable the fund manager to invest in high yielding securities, change will come into effect from 03 January 2009. Hereafter, the name of the scheme will be ING High Yield Liquidity Fund. The primary objective of the scheme is to generate attractive income by investing into a diversified portfolio of high yielding fixed income securities and money market instruments of varying maturities.
The scheme will charge the entry load of 5% and will not charge any exit load. The scheme will invest its entire corpus in money market instruments, securities issued/guaranteed by the central, state governments and local Governments and obligations of banks and development financial institutions with low to medium risk profile and 100% in debt securities with high risk profile.
The scheme will charge the entry load of 5% and will not charge any exit load. The scheme will invest its entire corpus in money market instruments, securities issued/guaranteed by the central, state governments and local Governments and obligations of banks and development financial institutions with low to medium risk profile and 100% in debt securities with high risk profile.
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